Douglas Cameron Durst, CPA, MBA

Board Member at VRstudios
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Contact Information
us****@****om
(386) 825-5501
Location
Greater Seattle Area

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Andy Shawber

As CFO of Visible Technologies, Doug brought a tremendous amount of experience, leadership, integrity and business acumen to the table. In addition to providing critical financial advice and modeling, Doug successfully led Visible through two venture capital rounds, a complex acquisition transaction and post-merger integration. Doug is a pleasure to work with and is overall a M&A lawyer's dream client – responsive, knowledgeable, collegial, and patient.

Catherine Gibson

Doug leads major initiatives with enormous energy and drive. He's practical in his approach yet able to sustain his strategic perspective. His ability to integrate people, process and technology components to achieve desired outcomes is impressive. And, finally... Doug does it all with genuine warmth and good humor.

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Credentials

  • Certified Strategic Planner
    Chart Your Own Course
    Mar, 2006
    - Nov, 2024
  • Certified Public Accountant
    WA Board of Accountancy
    Jul, 2002
    - Nov, 2024
  • Chartered Global Management Accountant
    AICPA
    Nov, 2014
    - Nov, 2024

Experience

    • United States
    • Software Development
    • 1 - 100 Employee
    • Board Member
      • Mar 2015 - Present

      The VRstudios allows industries and individuals access to a new, powerful, all-in-one system which delivers an interactive virtual reality experience that is second to none. Unmatched virtual reality is now available to everyone. VRcade develops the platform, standards, deployments, and software experiences which make the VRcade Gridspace a 3D human interface with limitless potential. VRstudios.com. -Member, Board of Directors The VRstudios allows industries and individuals access to a new, powerful, all-in-one system which delivers an interactive virtual reality experience that is second to none. Unmatched virtual reality is now available to everyone. VRcade develops the platform, standards, deployments, and software experiences which make the VRcade Gridspace a 3D human interface with limitless potential. VRstudios.com. -Member, Board of Directors

    • President (Interim CFO, strategy, M&A, IPO prep, financial & operational consulting)
      • 2004 - Present

      1. Chase Innovations provides interim CEO, CFO, COO and consulting services to assist companies to become higher performing organizations. 2. Emphasis on helping clients accomplish their long term vision by optimizing their planning (strategic, business, operational), people/culture, processes, systems, and performance assurances (KPI’s/metrics and reporting). Drive funding, Mergers and Acquisitions and IPO initiatives. Helped clients with ERP & Business Intelligence, governance, risk mitigation, accounting controls and compliance, capital acquisition, asset management, contract management, joint venture negotiations, private placement memorandums, and press conferences. 3. Services for Microsoft: Managed Resource Management and Planning (RPM) initiative for CFO, drove Search resource initiative, wrote CSC/Microsoft business plan, developed planning cycle and rhythm of the business for MS Enterprise Partner Group, served as the protocol engineering escalation PM for D.O.J. and the E.U., MS conference speaker. 4. Services for OneAccord clients’; Emphasis on optimizing revenue processes, CFO services, and executive coaching. 5. Supported clients: Delphi Corporation, Schneider Trucking, Sustainable Solutions, Ben Bridge, and Microsoft. Show less

    • Information Technology & Services
    • 1 - 100 Employee
    • CFO / Chief Financial Officer
      • Jun 2013 - Dec 2015

      Archer Mobile, a public international mobile engagement solution provider that solves business problems through mobile strategy, SaaS technology, and client-driven services. Archer verticals include Health Care, Retail, Financials Services, Communications, and Government. 1. Recruited as CFO of company to drive operational excellence and execute our strategy in Americas, Europe, Asia, and Africa. 2. Responsible for timely SEC reporting, FP&A and insight, investor/board relationships, fund raising/M&A, corporate governance, risk and performance management, capital management, accounting, HR and legal. 3. Designed and implemented systems and processes to enhance visibility, decision support, and management of: capital structure, cash, revenue, COGS, headcount and operating expenses. 4. Completed multiple funding rounds, increased North America YTD revenue by 17.7%, decreased WW operating expense by 13.9%, increased WW YTD EBITDA by 46.9%, decreased A/R days sales outstanding from 69 days to 32 days. 5. Lead strategic initiatives including M&A activities, funding, and divestitures. Show less

    • Information Technology & Services
    • 1 - 100 Employee
    • CFO / Chief Financial Officer (M&A, post-merger integration, funding, modeling)
      • 2011 - 2013

      1. CFO of Visible Technologies, a WPP (NASDAQ: WPPGY) and venture-backed leader in social media monitoring and analytics solutions, providing the perfect combination of software and services to harness business value from social communities. 2. My expertise is building high performance organizations through the office of the CFO 3. Strategic leader, versatile/agile, customer centric, practical, action oriented 4. Accelerate big data, SaaS company growth 5. Twenty-five years of improving and accelerating organizational performance and scale Show less

    • Business Consulting and Services
    • 300 - 400 Employee
    • Consulting Partner (integration modeling and technology optimization for the Office of the CFO)
      • Mar 2010 - Jul 2011

      1. Tatum was the largest Executive Services firm in the United States; helping companies maximize the Office of the CFO by accelerating business performance. Tatum was a SFN Group company (NYSE:SFN). 2. Enhance and build client solutions, methodologies, and IP for driving finance and operational improvements. 3. Help clients become higher performing organizations through optimizing their planning, processes, and systems. 1. Tatum was the largest Executive Services firm in the United States; helping companies maximize the Office of the CFO by accelerating business performance. Tatum was a SFN Group company (NYSE:SFN). 2. Enhance and build client solutions, methodologies, and IP for driving finance and operational improvements. 3. Help clients become higher performing organizations through optimizing their planning, processes, and systems.

    • United States
    • Media Production
    • CFO / COO
      • 2009 - 2010

      1. Africa Ten is a global media and entertainment company that aims to celebrate the human spirit - in sport, film, music and design (Executive Produced by will.i.am, the founder of the pop group Black Eyed Peas). 2. Responsible for value creation, capital acquisition & investor relationships, corporate governance, risk management, performance management, accounting, finance, legal, operations, facilities, and technology. 3. Co-built business strategy and mobilized 100-day execution plan. Show less

    • United States
    • Software Development
    • 700 & Above Employee
    • Director-Business Performance
      • 2002 - 2004

      1. Responsible for driving U.S. Small & Medium Business top eight strategic priorities, budget, metrics, & accountability. 2. Developed business assessment tool to determine national partners with the highest propensity to succeed (EBAT). 3. Funded and drove national Microsoft field sales events contributing to increased revenue. 4. Managed improvements in U.S. Small & Medium Business processes, systems, integration, and communications. 5. Deployed off-shore call center in India 6. Drove process and system improvements with Siebel CRM and other internal integrated systems. Show less

    • United States
    • Accounting
    • 700 & Above Employee
    • COO-Enterprise Technology Solutions, Partner
      • 1998 - 2002

      1. Implement strategy, processes, systems, and business and operational management functions. 2. Developed organizational structure to obtain optimum efficiency while maximizing customer loyalty. 3. Directed preparation of strategic plans, budgets and financial forecasts. Analyzed departmental budget requests to identify areas in which reductions could be made, and allocated operating budget. 4. Conducted system audits for clients, assuring financial and data integrity. 5. Designed and deployed clients’ paperless accounting processes to increase accuracy, optimize efficiencies and improve audits. 6. Worked closely with engagement team on customers’ complex needs and solution design. Show less

Education

  • University of Washington, Michael G. Foster School of Business
    Accounting, Finance, Business Economics
  • H. Wayne Huizenga School of Business & Entrepreneurship
    Master's Degree, Finance
  • New York Institute of Finance
    Valuing Acquisition Candidates, M&A, Risk Management, Mergers & Acquisitions
  • Promontory Management Group
    Six Sigma Green Belt
    2009 - 2010

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